16:44 (1.5X)
Q2
我题目中理解条件是：
- All else the same, current account deficits will persistently exceed 6% of GDP 经常账户的赤字在增加 while the program is in place. Setting aside any lasting impact of the policy/spending 不考虑 policy/spending 的影响, the current account deficit will then fall back to 3% of GDP 将来会下降到 3% provided the economy has remained competitive. 在其他条件相同的情况下，该计划实施期间，经常账户赤字将持续超过 GDP 的 6%。撇开政策/支出的任何持久影响，如果经济保持竞争力，经常账户赤字将回落至 GDP 的 3%。
- (X-M)=(S-I)+(T-G)
- 财政赤字(T-G)在增加，经常账户赤字应该增加，
- 尽管经常账户下降到 3%，但是题干中由于政府财政赤字增加 3%‘Atlandia plans to increase the yearly government deficit by 3% of GDP ’, 所以经常账户盈余将回归到 6%一个水平
但是Thus, to remain competitive and re-establish a 3% current account deficit after 10 years, the real exchange rate needs to depreciate. 实际汇率需要贬值
这个3%怎么来的
